Rise on Markets after Janet Yellens Speech

February 12, 2014

Yesterday world financial markets closed mainly on the rise. Fed Chief Janet Yellen assured the House of Representatives that the base interest rate would be kept at 0-0.25% even if unemployment went down to 6.5 percent.

On Europe’s stock market the trading session resulted in the following – the British FTSE 100 grew 1.23 percent up to 6,672.66 points, the German DAX 30 advanced 2.03 percent up to 9,478.77 points, and the French CAC 40 gained 1.09 percent reaching 4,283.32 points.

In Russia, the MICEX index grew 0.49 percent up to 1,483.57 points, and the RTS index picked up 0.44 percent getting to 1,341.85 points. 

In the USA, the Dow Jones advanced 1.35 percent up to 16,014.36 points, the S&P 500 grew 1.18 percent making 1,821.12 points, and the NASDAQ gained 1.11 percent going up to 4,194.25 points.

The price of North Sea petroleum mix of mark Bren Crude Oil rose by $0.05, up to $108.68 a barrel. The price of March futures for light WTI oil, on the contrary, dropped by $0.12, down to $99.94 a barrel.

There are no new developments on Forex.

Anna Gorenkova, NordFX Analyst

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